43,993 Shares in Applied Digital Corporation $APLD Acquired by GTS Securities LLC

Key Points

• GTS Securities acquired 43,993 Applied Digital shares worth approximately $1.64 million in the second quarter. Institutional investors now own 65.67% of the company, with Vanguard and other funds substantially increasing or initiating positions.
• Analyst sentiment remains broadly positive, with an average rating of “Moderate Buy” and an average price target of $68.15, although Zacks downgraded the stock to “strong sell.”
• Applied Digital’s revenue surged 406.3% year over year to $240.35 million, but its quarterly loss of $0.39 per share missed estimates by $0.30. The stock remains highly volatile, trading between $13.16 and $50.72 over the past year, while a director recently sold 75,000 shares.

GTS Securities LLC purchased a new stake in shares of Applied Digital Corporation (NASDAQ:APLD - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 43,993 shares of the company's stock, valued at approximately $1,641,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Equitec Proprietary Markets LLC bought a new stake in Applied Digital in the second quarter worth about $312,349,000. Vanguard Group Inc. lifted its holdings in Applied Digital by 36.4% in the 4th quarter. Vanguard Group Inc. now owns 24,168,082 shares of the company's stock valued at $592,601,000 after acquiring an additional 6,445,908 shares during the last quarter. Value Aligned Research Advisors LLC bought a new position in shares of Applied Digital during the 4th quarter valued at about $138,380,000. Situational Awareness LP boosted its position in shares of Applied Digital by 87.0% during the 4th quarter. Situational Awareness LP now owns 11,339,060 shares of the company's stock valued at $278,034,000 after purchasing an additional 5,274,905 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its stake in shares of Applied Digital by 24,356.8% in the 2nd quarter. BNP Paribas Financial Markets now owns 5,219,565 shares of the company's stock worth $52,561,000 after purchasing an additional 5,198,223 shares during the last quarter. Institutional investors own 65.67% of the company's stock.

Analysts Set New Price Targets

Several analysts recently commented on APLD shares. Lucid Cap Mkts raised shares of Applied Digital to a "strong-buy" rating in a research note on Wednesday, May 27th. Citizens Jmp lifted their price target on shares of Applied Digital from $40.00 to $60.00 and gave the stock a "market outperform" rating in a research report on Thursday, May 21st. Craig Hallum lifted their price target on shares of Applied Digital from $75.00 to $79.00 and gave the stock a "buy" rating in a research report on Tuesday, June 9th. Citigroup reaffirmed a "market outperform" rating on shares of Applied Digital in a report on Monday, August 3rd. Finally, Zacks Research downgraded Applied Digital from a "hold" rating to a "strong sell" rating in a research report on Wednesday. Three investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $68.15.

Insider Transactions at Applied Digital

In other news, Director Richard N. Nottenburg sold 75,000 shares of the stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $31.15, for a total value of $2,336,250.00. Following the completion of the sale, the director owned 133,378 shares in the company, valued at $4,154,724.70. This represents a 35.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 9.50% of the stock is currently owned by company insiders.

Applied Digital Stock Performance

Applied Digital stock opened at $25.34 on Friday. The firm's 50 day simple moving average is $30.86 and its 200-day simple moving average is $33.36. The company has a market cap of $7.39 billion, a P/E ratio of -28.47 and a beta of 5.75. The company has a debt-to-equity ratio of 2.88, a current ratio of 4.01 and a quick ratio of 4.01. Applied Digital Corporation has a fifty-two week low of $13.16 and a fifty-two week high of $50.72.

Applied Digital (NASDAQ:APLD - Get Free Report) last released its quarterly earnings results on Monday, July 27th. The company reported ($0.39) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.09) by ($0.30). Applied Digital had a negative net margin of 37.78% and a negative return on equity of 16.42%. The firm had revenue of $240.35 million for the quarter, compared to analyst estimates of $96.85 million. During the same quarter in the prior year, the firm earned ($0.24) EPS. The firm's revenue was up 406.3% compared to the same quarter last year. As a group, equities research analysts predict that Applied Digital Corporation will post -1.09 EPS for the current year.

Key Applied Digital News

Here are the key news stories impacting Applied Digital this week:

• Positive Sentiment: Applied Digital’s long-term AI data-center leases and expanding project pipeline could support substantial revenue growth over the next several years. One analysis projects significant upside if the company executes on those commitments. Prediction: Applied Digital Stock Will Jump 156% in 3 Years
• Positive Sentiment: Recent enthusiasm for Applied Digital’s AI infrastructure strategy and long-term contracts remains an important bullish factor, despite the stock’s recent weakness. Applied Digital Stock Is Down, But Its AI Data Center Business Is Powering Up
• Neutral Sentiment: Applied Digital has delivered very strong three-year returns, but its valuation remains expensive on sales, meaning the market already reflects substantial optimism about future AI data-center growth. Applied Digital Stock Looks Strong On Returns But Expensive On Sales
• Negative Sentiment: A major impairment charge at IREN, including a writedown tied to older Bitcoin-mining equipment, triggered a broader selloff in capital-intensive AI and data-center stocks. Investors appear concerned about transition costs, execution risk and potential asset write-downs across the sector—even though Applied Digital did not report comparable bad news. Applied Digital Sinks as Data Center Selloff Broadens
• Negative Sentiment: Zacks Research downgraded Applied Digital from “hold” to “strong sell,” adding pressure to investor sentiment. Zacks.com

Applied Digital Company Profile

Applied Digital NASDAQ: APLD is a technology company specializing in the development and operation of large-scale digital infrastructure and sustainable Bitcoin mining solutions. Through its integrated platform, the company designs, builds and manages turnkey data center facilities while also providing comprehensive hosting services for cloud, colocation and enterprise computing needs. Applied Digital's modular approach to facility design enables rapid deployment of capacity and streamlined integration of power, cooling and network connectivity.

In addition to its data center business, Applied Digital operates a network of Bitcoin mining sites that leverage vertically integrated capabilities, including hardware procurement, mining farm engineering, energy management and real-time performance monitoring.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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